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What happened to "don’t fight the Fed?" They’re all fighting the Fed!

Summary:
For years the entire financial establishment preached don't fight the Fed. Now, they're all fighting the Fed. Weird. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman

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For years the entire financial establishment preached don't fight the Fed. Now, they're all fighting the Fed. Weird.



Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/



Download my podcasts! New one every week. https://www.buzzsprout.com/1105286



Mike Norman Twitter

https://twitter.com/mikenorman
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

26 comments

  1. Thank you for informative presentation and all of your work!

  2. Unreal call on commodity top I even heard today that the chip shortage will be sorted out by Q3, you da man Mike.

  3. I got HOOKED on a white powder recently…
    (And I'll be crossing Customs in 24 hrs with stockpiles, lol!)
    Dried coconut? milk! Less methane!? Hopefully more addicts spur price drop!

  4. "As long as they keep it steady, rates along the curve will gravitate towards the policy rate. Alrgiht? Simple as that folks, simple as that." Thank you, Mike. It's nice to get real insight and boy is your call on the commodities top looking pretty astute.

  5. Thanks Mike you're the best I seen yet about the markets

  6. Heading to Grand Canyon!? Let’s meet! I live nearby!

  7. Mike I wish we had a cable news channel that carried MMT people like you. It would help society so much.

  8. Your on a roll Mike enjoy it while it lasts because it never does. quote from the movie to bud.

  9. The market is trying to force the Fed to increase rates

  10. Associate Forum

    You're the Man, Mike – Thank You, Man… ✌✌✌

  11. Best of luck for your competition Mike, looking forward for your video!

  12. Thanks Mike. Can you explain your bearishness on the dollar? Thank you.

    • My guess? Long term low rates. But of course if employment numbers go up so will the dollar so ??

    • ​@Man In A Pit – Mike has said that low rates are bullish for a currency. I think it has said it's due to people not wanting the dollar due to the US weaponizing it. I think the massive fiscal intervention by the government is also pumping created money into the US economy and that only adds to downward pressure one would assume. As Mike said, the Fed is a bank and they set interest rates whereas the government CAN print money to their hearts content. It's interesting to see what's happening.

  13. The science say's masks don't work anyway and they can make you sick. Not to mention the mental damage they do to little children.

  14. raise rates crash the market lol

  15. You should go on MeetKevin.. He's got over a million followers and loves to interview people with diverse views of the economy.. Good luck and have fun on your hike anyways too!

  16. Are we going to get an update from the Grand Canyon? That would be cool.

  17. The fed raising rates would drive up inflation. Look at the charts from the Volcker days.

  18. Do not fall in the G.C.!

  19. Are you free with a foreign substance floating around in your body that they don't know the longer term affects of, when those of us that don't have the vaccine still have a 99.98% chance of recovering from it if we get it or if I strengthen my immune system 100%? I like my odds and like the fact that I don't have to worry about the longer term affects of what that foreign substance in my body might be doing to my internal organs or blood clots. Therefore "I'm free" I'll keep wearing a mask if they are going to make me. Thank you. Scam demic

  20. Are the financial institutions fighting the Fed? I don't know go look at XLF on a chart and see if they are. Look at a chart of XLI see if they are. Look at a chart of IYT and see if they are. Look at XRT see if they are. Look at crude stocks see if they are. Look at a chart of commodities XME and see if they are. These are the sectors that the institutions are buying.

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